Thu, Apr 25, 2024 @ 06:21 GMT
Facebook Mail RSS Twitter
HomeContributorsTechnical AnalysisElliott Wave Analysis: S&P500 And NIKKEI225 Heading Lower

Elliott Wave Analysis: S&P500 And NIKKEI225 Heading Lower

Elliott Wave Financial Service
By Elliott Wave Financial Service

E-mini S&P500 is in a third leg of decline, which has room to drop towards 2556, where leg down from 2587 would be equal in distance compared to first leg from Nov 08 high.

S&P500, 30Min

We think that Nikkei225, which has been one of the leaders in uptrend, can now be the leader in downtrend, and is breaking sharply the channel of a fifth wave, so normally that means more weakness ahead.

Nikkei225, 4H

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
Trading forex, futures or futures options carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions.

Featured Analysis

Load more

Learn Forex Trading

ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward.

Contact us: contact@actionforex.com

© ActionForex.com © 2024 All rights reserved.